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Sterlite Technologies is currently trading at Rs. 143.15, up by 9.85 points or 7.39% from its previous closing of Rs. 133.30 on the BSE.

The scrip opened at Rs. 132.00 and has touched a high and low of Rs. 144.80 and Rs. 132.00 respectively. So far 465080 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.00 on 11-Sep-2023 and a 52 week low of Rs. 110.00 on 27-Mar-2024.

Last one week high and low of the scrip stood at Rs. 144.80 and Rs. 131.75 respectively. The current market cap of the company is Rs. 6913.78 crore.

The promoters holding in the company stood at 53.99%, while Institutions and Non-Institutions held 6.70% and 39.31% respectively.

Sterlite Technologies has raised Rs 1000 crore through a Qualified Institutional Placement (QIP) route. The entire process saw healthy participation by highly reputed global and Indian investors, which is a testament to their confidence in STL. Investor confidence around the fundamental need for optical fibre across the world, STL’s 30+ years of expertise, its solid customer credentials and its Glass to Gigabit capability have been some of the key factors behind the strong response to its QIP.

The company approved the issue and allotment of 8.84 crore Equity shares to qualified institutional investors, including HDFC Mutual Fund, Nippon Life India, Goldman Sachs and Bandhan Mutual Fund, aggregating to Rs 1000 crore. Post the allotment, the paid-up equity share capital of the company has increased to Rs 97.5 crore, comprising 48.75 crore equity shares. 

Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.